JPMorgan Chase posted a decline in trading revenue that was steeper than analysts expected, and both commercial and consumer loans fell from a year earlier.
Shares of the company dropped after the firm reported a 16% slide in fixed-income trading revenue, worse than the 13.5% decline analysts had been expecting. Expenses rose 11% from a year earlier as compensation costs increased, and the firm said to expect costs to rise to about $77 billion this year.
